Binance JEX - Bitcoin Futures&Options ExchangeGoogle Play
Our wallet review process
We examine wallets starting at the code level and continue all the way up to the finished app that lives on your device. Provided below is an outline of each of these steps along with security tips for you and general test results.
Application build test result
Update 2022-01-15: This app is not on the Store anymore.
As indicated and linked to in Binance’s official website, Binance acquired JEX.com and spun it off to become a Futures and Options trading platform.
From Binance Jex’s Introduction to Options page:
An option is a financial derivative that represents a contract sold by one party (the option writer) to another party (the option holder). The contract offers the buyer the right, but not the obligation, to buy (call) or sell (put) a security or other financial asset at an agreed-upon price (the strike price) during a certain period of time or on a specific date (exercise date).
Although it is not a BTC wallet provider per se, it is possible to Deposit and Withdraw BTC as well as ETH, LTC, USDT and JEX.
It is also possible to login to JEX via Binance’s main platform using your Binance.com account.
4.1 We shall set and adjust the amount limit of daily transaction and withdraw deposit from time to time according to requirement of safety and actual transactions.
This confirms the verdict of custodial.
Tests performed by Daniel Andrei R. Garcia
Do your own research
In addition to reading our analysis, it is important to do your own checks. Before transferring any bitcoin to your wallet, look up reviews for the wallet you want to use. They should be easy to find. If they aren't, that itself is a reason to be extra careful.